Tag Archives: Tax 7004

Important Reminder! Today is the Last Date to Apply Form 7004. E-file Now!

Attention business taxpayers! Today is the last date to apply for your business income tax extension Form 7004 to extend your business income tax reporting time. Many businesses file for business income tax extension Form 7004 to get the automatic six-month extension time from the IRS because they need more time to gather all necessary proofs and supporting documents to complete their business income tax reports. Among many businesses, the last day to apply for business income extension tax Form 7004 is today for companies like LLCs, S-Corporations, and Partnership firms to get the automatic six-month tax extension till September 16, 2024.

Continue reading

Form 7004 Business Income Tax Extension Due This March 15

Form 7004 Business Income Tax Extension – A Complete Overview 

Filing for business extension tax is essential for all businesses when they cannot complete their tax reports on time. Because businesses face many challenges while filing their tax reports perfectly with the IRS, the time constraint is the major challenge. And the deadline is nearby to pay and file your complete business income tax returns. Every year IRS keeps the deadline on the 15th of the third month, which is March 15, 2022 (for S-Corp, LLC’s etc), for few business owners to file their business income taxes, others it is April 18,2022 (for Corporates etc). For the businesses that cannot submit the tax returns on time, IRS gives an automatic tax extension time to complete all the formalities and submit the tax reports properly.  

Extension Tax Efiling Continue reading

Are you a Corporate or S-Corp? Know your Extension Form Type in Form 7004

A C-Corp pays income tax by filing a tax return with the IRS using Form 1120 – U.S. Corporation Income Tax Return, and an S-Corp using Form 1120S – U.S. Income Tax Return for an S Corporation.

The deadline to file an extension Form 7004 for 1120 and 1120-S is 15th day of the 3rd month after the end of the tax year of the return. For example, if the close of your business tax year is December 31, 2018, your completed form must be received by the IRS by March 15, 2019.

1120 and 1120-S returns, both gives you a 6 months extension of time to file your tax returns. Meaning 1120 & 1120-S will extend your filing deadline to September 15.

However, these forms may be complicated and can consume a lengthy process, with less time in hand to E-file Form 7004 for Tax Year 2018, the best way to get it done on time without facing the hazels of Interests & Penalties is by E-filing your Federal Extension Tax Form 7004 through www.Extensiontax.com an IRS Authorized E-file Service Provider for E-filing Federal Extension Tax Forms & Excise Tax Forms.

Do remember that filing an Extension only gives you more time to prepare and file your tax form. IT DOES NOT PROLONG THE TIME TO PAY YOUR TAXES. Business Income Taxes you owe has to be paid on the actual due date, which is March 15, 2019.

Every minute you delay thinking about your choices, is taking you close to penalties and Interests. Log on to www.Extensiontax.com right away and E-file your Form 7004 now. For any queries you may have feel free to reach our Tax Experts @ 1-866-245-3918 or you may even write to them @ support@extensiontax.com.

Not Ready to File Business Income Tax Return? Request a Tax Extension with Form 7004

The March 15th deadline to file your business income tax return is almost here. Have you filed your return yet? There is still some time left. Maybe you’re still waiting on documents, or maybe you’ve just been too preoccupied with work and life to prepare your return. Whatever the reason may be, the IRS will grant you tax extension to file your return in case you are not ready.

If you need more time to file your taxes, you should definitely request an extension sooner than later. It’s always better to extend than to file an incorrect return and have to amend it later. With that in mind, it’s important to note, filing an extension grants you additional time to file your return, but not to pay the tax due.

If snail mail isn’t your thing, you can e-file your extension using www.ExtensionTax.com and make an estimated payment online using IRS Direct Debit Payment Option. ExtensionTax offers a secured service that lets you pay directly from a checking or savings account, and will send you an instant confirmation that your extension request was accepted and your payment was submitted. Just make sure you choose the correct form and tax period to let the IRS know where to apply your payment.

It is challenging to calculate the estimated amount-due to be paid if you’re not prepared to file, but if your tax situation has not changed much since last year, you can send the same estimated amount with your extension tax form 7004 and extend your filing date.

If you didn’t file for an extension by March 15th deadline, your extension request won’t be accepted by the IRS. So just do whatever it takes to e-file your 7004 return right away, the sooner the better. Remember, a return that is filed even one day late is considered late and the penalty will be levied by the IRS. Don’t waste several thousand dollars that you would likely owe in penalties if late, e-file Form 7004 for just $14.99 and take some extra time to review your return to make sure everything is complete before sending it in.

Talk to us at 1-866-245-3918 (toll free) for any assistance or write to us in support@extensiontax.com.

IRS provides additional day to file and pay for taxpayers through Wednesday, April 18; IRS processing systems back online

In the latest IRS release (Issue Number: IR-2018-100), April 17th Deadline is pushed to April 18th, as there was a system issue and tool some time to set it right. Here is the details from the IRS release.

WASHINGTON — The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and businesses with a filing or payment due date of April 17 will now have until midnight on Wednesday, April 18. Taxpayers do not need to do anything to receive this extra time.

The IRS encountered system issues Tuesday morning. Throughout the system outage, taxpayers were still able to file their tax returns electronically through their software providers and Free File. Taxpayers using paper to file and pay their taxes at the deadline were not affected by the system issue.

“This is the busiest tax day of the year, and the IRS apologizes for the inconvenience this system issue caused for taxpayers,” said Acting IRS Commissioner David Kautter. “The IRS appreciates everyone’s patience during this period. The extra time will help taxpayers affected by this situation.”

The IRS advised taxpayers to continue to file their taxes as normal Tuesday evening – whether electronically or on paper. Automatic six-month extensions are available to taxpayers who need additional time to file can visit https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return.

 —————————————————-

April 18 4868 due